Nvidia`s Meteoric Rise: Can the AI Chip Giant Sustain its Growth Momentum?

Case Code: BSTR687
Case Length: 14 Pages
Period: 2023-2024
Pub Date: 2025
Teaching Note: Available

Price: Rs.400
Organization : Nvidia Corporation
Industry : Technology & Communications
Countries : United States
Themes: Competitive Strategy, Growth Strategy Artificial Intelligence,Regulatory Environment

Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

In June 2024, American AI chip giant Nvidia Corporation (Nvidia) became the world’s most valuable company with a market capitalization of US$3.34 trillion. The company surpassed American multinational and technology corporation Microsoft Corporation (Microsoft) and American multinational corporation and technology company Apple Inc (Apple) with their market valuation of US$3.31 trillion and US$3.28 trillion respectively. Nvidia’s meteoric rise was attributed to its AI-optimized graphic cards, which were crucial for creating advanced AI products and software. Nvidia’s shares increased by more than 170% in 2024. The company also reported an increase in revenues by 122% on a Year on Year (YoY) basis to US$30 billion for the second quarter ended July 2024. In the first quarter of 2024 also, Nvidia recorded US$26 billion in revenues, an increase of 18% from the previous quarter. Analysts believed that these figures underlined Nvidia’s current strength and its future potential since there was an increasing need for AI-powered chips from advanced data analytics to autonomous vehicles..

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